When discussing ponzi schemes one name tops the list of

Assignment Help Business Law and Ethics

Reference no: EM13467686

When discussing Ponzi schemes one name tops the list of criminals, Bernie Madoff. Bernie Madoff created a Ponzi scheme that enabled him to swindle over 50 billion dollars from a long list of individuals and organizations, including charities. The scheme Mr. Madoff was convicted of went on for 20 years before he was arrested and involved numerous fraudulent investments. Due to the length of time this Ponzi scheme continued for and the amount of money Mr. Madoff swindled it is considered one of the largest Ponzi schemes in history and has made him infamous.

Mr. Madoff engaged in legal businesses along with his Ponzi scheme, however he could never have sustained his business with the type of fraud he was conducting. The Ponzi scheme was taking in billions of dollars which was not being invested as his clients thought. After law enforcement arrested Mr. Madoff he admitted his guilt and is currently serving a 150 year prison sentence. Mr. Madoff affected many people with his Ponzi scheme and stole large amounts of money that many victims were not able to retrieve. The victims of Mr. Madoff's Ponzi scheme range from politicians to celebrities and his own employees.

1.How would you work to prevent these types of scams? Are they a major problem in society today and how

2.Does ethics and the law play a role?Answer question twice 200 word min each answer. APA.

Reference no: EM13467686

Questions Cloud

Determine the reasons for teams effectiveness hint you may : questions1. pick a team that you are currently a member of a prior team in which you were a member or search the

Examine the development of right to counsel and when the : prepare a 1100 - 1300-word paper in which you analyze the aspects of right to counsel. examine the development of right

Prepare a diagram of the dsl and cable modem connections to : research dsl and cable modem services available closest to your community. you may use neighboring communities or

Select the piece of popular short story fiction-novel : choosenbspa piece of popular fiction-novel short story graphic novel or comic book-and research the material through

When discussing ponzi schemes one name tops the list of : when discussing ponzi schemes one name tops the list of criminals bernie madoff.nbsp bernie madoff created a ponzi

Do you agree with the logic of collective action do you : 1. do you agree with the logic of collective action? do you think that people have nothing to gain by joining interest

Did you describe how they would deploy different software : scenario your boss has come to you and expressed that there are several software packages that he would like you to

Write a paper on how that organization functions under the : for this module you are expected to choose and examine one organizational design model.research the police agency

Which group had the best arguments support your argument : prepare a 2-3 page paper comparing three similar provisions in the u.s. constitution and the articles of confederation.

User Account

All Pages